Mario Draghi led the European Central Bank into a new era with an historic pledge to buy government bonds as part of an asset-purchase program worth about 1.1 trillion euros ($1.3 trillion).

The ECB president side-stepped German-led opposition to quantitative easing in a once-and-for-all push to revive inflation and the euro-area economy. The central bank will buy 60 billion euros per month of securities until September 2016. The ECB also reduced the cost of its long-term loans to banks.

dsonofmaan:


Bro , pls when is the mark down date for the 70k dividend?

17/11/2014

Thank you.

PETERiCHY:
FOOD FOR THOUGHT

Sent as received. I vividly Recall the story of a man who became popular for engaging in money rituals just to buy the 80's edition of the Honda Prelude. You wouldn't buy that car for 50k today.

Some other guy brutally murdered his brother ( whom their father gave cash 2 travel 4 the purpose of re- stocking their warehouse), just because he wanted to acquire the rave of the moment - Pathfinder Jeep. That same vehicle is now better described as a coffin.

I Remember as a kid, my whole street gathered to watch a truck deliver a very large satellite dish to my neighbour's house. Today a dish one tenth that size delivers 5 times the value and is in almost every student's room.

What about the Volkswagen, Citroen, Santana, Mercedes Benz V boot, 505Evolution, Toyota Crown, all overtaken by latest models of Camry, Honda, Bugatti, Bentley, X6, Acura and Infinity.... Vanity!

Some ladies left their true loves cos some rich guy then persuaded them with a Benz 190, which turned out to be the only car they ever owned till date. They found out too late that true love is invaluable.

A friend declared drinks because he launched the Nokia Communicator for over hundred grand in 2002. Today that phone would embarrass the owner and is a joke compared to the low cost and everyday phones.

What about the MTN SIM card that many people went extra miles before they bought for over 30k, today you will not buy it at N100 because all networks are begging people to even take it for free.

People are still making the most horrific sacrifices over 'vanity' and make enemies over worthless material things. What can I Say? Look back at that one thing you want to kill or die for today and see what becomes of it tomorrow.

There is absolutely nothing you can't achieve. All you need is a little time and PATIENCE and you would thank God without regrets. There is actually nothing in this world that is worth going to Hell for, ABSOLUTELY NOTHING! Meditate on this and have a blessed weekend.

Oil prices are harder to move because crude trades more globally than natural gas, according to Stephen Trauber, vice chairman and global head of energy at Citigroup in Houston. While oil can be carried on ships, trucks and pipelines, gas has to be frozen before it can cross oceans.

Crude prices might not fall enough to shut in production. About 70 percent of U.S. reserves would remain economic with global prices at $75 a barrel, according to Wood Mackenzie, an industry consultant based in Edinburgh.

OPEC also may prevent further declines because members need high prices to support social spending. Saudi Arabia needs $87.63 a barrel to balance its budget, compared with $66.50 for the United Arab Emirates and $92.96 for Iraq, the International Monetary Fund estimates.

Shale oil is expensive to extract by historical standards and only viable at high-enough prices, Ed Morse, Citigroup Inc.’s head of global commodities research in New York, said by phone Sept. 23. Oil from shale formations costs $50 to $100 a barrel to produce, compared with $10 to $25 a barrel for conventional supplies from the Middle East and North Africa, the Paris-based International Energy Agency estimates.

4dchairman:
OER is not OANDO Plc, will OANDO Plc revenue be $32.16 million in 3 months(page 4), net loss of $32.348 million ,the loss was mainly financial expenses of $34.8 million (page 6). I repeat one of the main reason of incorporating OER is to serve as the platform for current and future acquisition. So we are still expecting OANDO Plc financial report.Oando Energy Resources Inc. (“OER" is a publicly traded company listed on the Toronto Stock Exchange (“TSX”) under the symbol “OER”. OER was incorporated under the laws of Canada. OER’s registered office is located at 3400, First Canadian Center, 350 7th Avenue SW, Calgary AB, T2P 3N9, Canada and head office is located at 1230, 112 4th Avenue SW, Calgary, AB, T2P 0H3, Canada. OER and its subsidiaries (together, the “Corporation”) is involved in the acquisition of petroleum and natural gas rights, the exploration for and development and production of oil and natural gas primarily focused in Nigeria, and São Tomé and Príncipe. The ultimate parent company is Oando PLC, who owns 92% of the share capital of the Corporation and is the ultimate controlling party. Unless otherwise noted, all references to the “Corporation” mean OER and its subsidiaries. Page 7 of the report.
All we are witnessing in the market is sheer ignorance of the state of affair of Oando Plc.

Thank you

4dchairman:
Do you know that on a good stock you make money on the bull or bear run,if Transcorp falls today, it is a window of opportunity to buy more stocks at cheap price,I've bought Transcorp at 3.50,3.80,4.80,5.20,5.90 and 5.92.so I can say that for a company with prospects like Transcorp (oil exploration,power distribution and generation) the sky is the limit. I missed the opportunity of entering FO @ 96 naira because I don't buy stocks above 20 naira, this time around I wouldn't miss the Transcorp bus, the fundamentals are superb but above all market sentiments favours them( you can't place a figure on sentiments).
Finally,FO didn't reached the present level on big volume trading (Infact the monthly trading figure is 300k+),they reached the current level by their investors keeping their stocks.lets start valuing our stake in some companies,I can't get a license to prospect oil but I can buy stakes in oando and seplat that prospects oil.

Thank you.

Fed Minutes.
In the U.S., minutes from the Federal Reserve’s December meeting showed officials saw declining economic gains from its monthly bond-buying program. The Fed decided at the meeting to start reducing the size of its asset purchases by $10 billion to $75 billion starting this month.

http://www.bloomberg.com/news/2014-01-09/european-stock-futures-little-changed-before-ecb-meeting.html

The message below was sent by GT Bank. Pls will this cushon the effect of the CRR policy on banks stock?

UPWARD REVIEW OF INTEREST RATE ON FACILITY

Thank you for banking with us.

We write to inform you of the recent increase of the Cash Reserve Requirement on Public Sector funds from 12% to 50% by the Monetary Policy Committee of the Central Bank of Nigeria. This recent upward review has reduced liquidity in the financial market and has ultimately led to increase in the cost of funding within the financial system.

As a result of this, it is imperative that the bank reviews its interest rates in response to market dynamics.

Please be informed that the interest rate on your loan facility or facilities will be reviewed upwards by 200 basis points (2.00%p.a) with effect from August 13, 2013.